Pension adviser loses £200,000 fee fight with Aviva

Pedro Gonçalves
Pension adviser loses £200,000 fee fight with Aviva

An IFA has lost more than £200,000 after a High Court ruled that he cannot recover allegedly unpaid fees from Aviva after one of his clients moved its employees to a new pensions platform, effectively ending his services. The Court dismissed the adviser's claim against provider Aviva and the company he had advised, saying he could not find any breach of contract and therefore Aviva was right to claw back £204,392 in commission, the FTAdviser reported. Richard Wales, an independent finan...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?